Binance Successfully Attained ISO 27001 And ISO 27701 Certifications

0
480

Binance is a digital currency trading platform that decided to go for the ISO 27001 and ISO 27701 certifications to enhance Information and privacy security in three regions of Europe and the Middle East.

Binance bagged ISO 27001 and ISO 27701 Certifications in France, Bahrain, and the United Arab Emirates (UAE). It is an internationally recognized standard demonstrating its commitment to information security and privacy management systems. Acquiring these certificates provides leverage to Binance and helps it stand out in the market.

A-LIGN is a technology-driven security and compliance partner that helped Binance gain ISO 27001 and ISO 27701 Certifications. The standards will help the organization in prioritizing and eliminating cybersecurity risks. Moreover, Binance must conduct internal and annual surveillance audits to maintain statutory and regulatory compliance. The company officials released a press release indicating that the organization aims to expansion of these certificates globally to obtain security, privacy, and compliance certifications to enhance users’ trust in their brand.

The new milestone by Binance will foster a culture of trust and credibility within the organization. It will help the organization win new clients, customers, and business collaborations, along with assuring asset and information management.

Binance Decides To Revolutionize Digital Currency Trading Platform

The vision of Binance for 2023 is to expand its presence to the regions like Thailand and Japan. However, the company faced many challenges in Canada and had to cease its operations there. Binance decided to shut its doors in Canada owing to new regulations concerning stablecoin and investor limits in May 2023. The organization conducted many talks to come to a mutually agreeable situation with Canadian regulators but all in vain.

Business is an ongoing process, and so is success and failure. After facing a setback in Canada, the organization decided to rise again and revealed its plan to launch to embark its footmarks in Japan. It also states that the company, while launching the crypto trading platform in Japan, will also adhere to all local regulations. The company will terminate its crypto services for Japanese residents by 30 November 2023 as part of its plan to Binance Japan.

Binance applied for and obtained a digital operator license in Thailand in partnership with Gulf Innova. It is a strategic move by Binance to comply with the new set of rules implemented by Thailand’s financial regulator for crypto services in January 2023.

The collaboration of Binance with Gulf Energy’s innovation branch, Gulf Innova, to build a joint crypto venture named Gulf Binance received digital asset operator licenses from Thailand’s Ministry of Finance.

source – https://thepaypers.com/cryptocurrencies/binance-achieves-iso-27001-and-iso-27701-certifications–1262896

LEAVE A REPLY

Please enter your comment!
Please enter your name here